A) If the third party is aware of the principal's existence but not his or her identity, the principal is classified as a disclosed principal.
B) When the third party is aware that the agent is making an agreement on behalf of a principal and also knows who the principal is, the principal is a disclosed principal.
C) An unidentified principal is in the same classification as a partially disclosed principal.
D) If the third party does not know that an agent is acting on behalf of a principal, an undisclosed principal is involved.
E) Classification of the principal is important because it helps determine the principal's liability.
G) A) and B)
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B) False
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A) Superior respondeat
B) Respondeat superior
C) Stare decisis
D) Res superior
E) Supre superior
G) B) and E)
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A) Susie is not personally bound because she was acting on behalf of Bobby.
B) Susie is personally bound unless she can establish that Sarah would not have sold her the lot if she had known that Bobby was involved; and the contract is, therefore, void.
C) Susie is personally bound unless she can establish that Bobby has the funds with which to pay Sarah.
D) Susie is not personally bound unless Bobby has legally filed for bankruptcy.
E) Susie is personally bound.
G) A) and B)
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A) That because no extrinsic evidence existed to clarify the meaning of the power of attorney, the transfer was invalid.
B) That because no extrinsic evidence existed to clarify the meaning of the power of attorney, the transfer was valid.
C) That because the power of attorney did not specifically give the wife the power to transfer property into the trust, the transfer was invalid.
D) That based on extrinsic evidence showing the decedent's intent, the power of attorney included the power to transfer the property.
E) That based on extrinsic evidence showing the decedent's intent, the power of attorney did not include the power to transfer the property.
G) A) and B)
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A) UAE Commercial Transaction Law is relevant in regard to agents.
B) The UAE Civil Code is relevant in regard to agents.
C) Registered agents may seek compensation when an agency ends even if the termination occurs in accordance with the terms of the agency agreement.
D) Only registered agents are entitled to seek compensation in the event of termination.
E) In regard to disputes about compensation of agents, court-appointed experts are usually the entities that are responsible for determining compensation amounts.
G) A) and C)
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A) Polly has a right to insist that Mary take the photographs because Polly's contract required Mary's services.
B) Phil has a right to take the photographs only if his contract with Mary expressly provides that he can take over her photo shoots.
C) Phil has a right to take the photographs.
D) Phil has a right to take the photographs only if the contract is in an amount over $500.
E) Phil has a right to take the photographs unless the contract Mary has with Polly is in writing in which case Polly has the right to insist that Mary take the photographs.
G) A) and D)
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A) Notice of termination of an agency relationship must be given by actual notice.
B) Depending on the circumstances, notice of termination can be actual or constructive.
C) Notice of termination of an agency must be given in writing.
D) Actual notice of termination of an agency relationship is not needed once 30 days have passed since the termination because at that point notice is presumed.
E) Actual notice of termination of an agency relationship is not needed once 60 days have passed since the termination because at that point notice is presumed.
G) A) and D)
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A) In Singapore because of the fear of fraud, agents are not allowed to engage in electronic transactions on behalf of principals.
B) Singapore relies on a type of law similar to U.S. common law in addressing agency authority in regard to electronic transactions.
C) Singapore passed a law providing that a principal must countersign any electronic transaction engaged in by an agent.
D) Singapore passed a law providing that each employer must post a list electronically of all its agents with authority to act on its behalf.
E) Singapore passed a law by which lack of awareness of a principal for an agent's acts is not recognized as a defense.
G) B) and D)
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A) An independent contractor is not an employee of the principal.
B) The principal does not control the details of the independent contractor's performance.
C) An individual who hires an independent contractor cannot be held liable for the independent contractor's tortious actions under the doctrine of respondeat superior.
D) A principal is not liable for extremely dangerous actions engaged in by the independent contractor.
E) If an independent contractor commits a crime without the authorization of the principal, the principal is not liable for the agent's crime.
G) None of the above
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B) False
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A) The agent is entitled to compensation if his or her duties are concluded within a reasonable time after termination.
B) Compensation is due if the agent received the orders for a certain action before the termination of the contract.
C) The agent is entitled to goodwill compensation in certain situations.
D) An agent is not entitled to additional compensation based on bringing the principal new customers or because agreements with clients obtained by the agent remain profitable.
E) There are requirements on the agent in regard to time limits in filing for certain compensation.
G) A) and D)
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A) It ends immediately
B) 24 hours
C) 7 days
D) 30 days
E) Until the principal notifies third parties that the agency relationship has ended.
G) B) and C)
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A) At any time a principal can revoke an agent's authority.
B) A principal's revocation of an agent's authority may result in a breach of contract entitling the agent to damages.
C) An agent can terminate the agency relationship by renouncing the authority given to the agent.
D) An agent's wrongful ending of the agency relationship may be a breach of contract entitling the principal to damages.
E) If an agent has breached a fiduciary duty to the principal, the principal can revoke the agent's authority; but the agent may be entitled to damages.
G) B) and D)
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B) False
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A) Acknowledged
B) Permitted
C) Disclosed
D) Revealed
E) Uncovered
G) B) and E)
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A) Bobby is liable to Susie for the cost of the book.
B) Bobby is liable to Susie for the cost of the book only if Susie had Bobby sign a document affirming his liability before Susie paid Gwen.
C) Bobby is liable to Susie only if she resells the book and is unable to recover as much as she paid for it.
D) Bobby is not liable to Susie for the cost of the book.
E) Bobby can avoid liability to Susie only if he can establish that his actions constituted "justifiable expectations" under the law absolving him from liability.
G) B) and D)
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B) False
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B) False
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A) Christy would likely be held liable for negligent hiring.
B) Regardless of whether she did anything to directly cause injury to Frank, Christy would likely be held liable on a strict liability theory because her customer was injured.
C) Christy would likely be held liable for breach of customer warranty.
D) Christy would likely be required to split the damages with Bob because Bob was her employee.
E) There is no theory on which Christy could be held liable for her own conduct in this situation.
G) A) and C)
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